News > Bitcoin, crypto inflows hit record high last week at $1.31 billion

Bitcoin, crypto inflows hit record high last week at $1.31 billion

Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset prices.

About 97% of inflows went to bitcoin, the data showed, with Ethereum, the second-largest cryptocurrency, posting inflows of $34 million last week. So far this year, volumes in bitcoin have been considerably higher, trading an average of $12.3 billion per day, compared to $2.2 billion in 2020.